Mark Your Calendar
March 20, 2014
March Breakfast Briefing
Industries to Watch: HealthCare and Financial Services
April 1, 2014
Private Equity Partner - Level
Dinner & Discussion with Limited Partners
R2L | Philadelphia
April 2, 2014
Happy Hour & Networking
Wayne | PA
April 17, 2014
April Breakfast Briefing
Pam Hendrickson, COO, The Riverside Company
ACG Cup Awards Announcements
April 28 - 30, 2014
Las Vegas | Nevada
May 15, 2014
May Breakfast Briefing
Annual Lenders Panel
June 3, 2014
Save The Date
Private Equity Wine Tasting
ACG Members Only
Merion Golf Club | Merion, PA
Join us for our March Breakfast where we will delve into industries that are ripe for M&A activity and investment in the coming year, including healthcare, energy and financial services. We'll be joined by top deal professionals in their respective industries who will share key insights into their industry, factors driving growth, potential challenges for continued growth, deal metrics, pitfalls and more.
Spencer Hoffman, Managing Director, Lovell Minnick Partners LLC
Jay Roberts, CFO, AdvantEdge Healthcare Solutions, Inc.
Sam Gabbita, Managing Director, Element Partners
The latest deal news from around the region
DealWire Philadelphia, Q4 2013 Volume IX, Issue IV
At the end of 2012, the deal community celebrated its best year in terms of M&A volume and value since the end of the Great Recession. Due to modest economic recovery, tax code uncertainty, and a significant amount of capital available for transactions, 2012 M&A activity reached new highs in the Philadelphia region with 864 completed transactions yielding $46.9 billion of value (compared to 729 deals worth $37.0 billion in 2011).
However, momentum for increased M&A deals did not carry-over into the first half of 2013 as volume remained flat when compared to the same period in 2012. Perhaps it was the lack of a strong catalyst (e.g., looming changes to taxes) to bring sellers to the table, the continued sluggish economic environment amidst political uncertainty and dysfunction, and/or simply a breather due to the heavy utilization of resources to close deals at the end of 2012, but actual M&A activity did not seem to live up to the lofty expectations of deal professionals through most of 2013.
Despite the tepid start in 2013...
Showcasing ACG Member Deals
Alliance Holdings, Inc. buys Markel Corporation
A record of nine ACG Members involved in deal!
Based on a discussion with: Steven Higgins, Managing Director of Janney Montgomery Scott, concerning the sale of Markel Corporation to Alliance Holdings, Inc.President of Curtis Financial, about the sale of Innovative Office Products to Corridor Capital.
On December 4, 2013 Markel announced that it had been acquired by Alliance, effective November 1, 2013. The process from start to finish featured a Who’s Who of ACG Philadelphia deal professionals whose names appear in green italics throughout this announcement. Janney served as the exclusive financial advisor to Markel’s shareholders. The Janney deal team consisted of Steven Higgins (ACG MBR), Brendan Tierney (ACG MBR), Brian Van der Waag (ACG MBR), and Ruilin Xu. Janney was awarded the sale mandate after winning a competitive bake-off coordinated by the Company’s longtime legal counsel, Larry Laubach of Cozen O’Connor. The Alliance team consisting of Ken Wanko (ACG MBR), John Kolla (ACG MBR) and Danielle Qi (ACG MBR) prevailed in the sales process.
Click Here to Continue Reading This Quarter's Featured Deal
For a listing of all historical featured deals please go to the LIBRARY tab.